Analysts predict that Curo Group Holdings Corp (NYSE:CURO) will post $270.32 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Curo Group’s earnings, with estimates ranging from $262.20 million to $279.15 million. Curo Group posted sales of $248.98 million in the same quarter last year, which suggests a positive year-over-year growth rate of 8.6%. The business is scheduled to issue its next earnings results on Monday, July 29th.
On average, analysts expect that Curo Group will report full year sales of $1.17 billion for the current financial year, with estimates ranging from $1.16 billion to $1.17 billion. For the next fiscal year, analysts forecast that the company will report sales of $1.28 billion, with estimates ranging from $1.27 billion to $1.31 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Curo Group.
Curo Group (NYSE:CURO) last released its quarterly earnings data on Monday, April 29th. The company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.11. Curo Group had a negative net margin of 3.06% and a positive return on equity of 425.17%. The company had revenue of $277.94 million during the quarter, compared to analyst estimates of $274.86 million.
Separately, Zacks Investment Research raised shares of Curo Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th.
Hedge funds and other institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp lifted its position in shares of Curo Group by 7.5% during the 4th quarter. Mackenzie Financial Corp now owns 14,300 shares of the company’s stock valued at $136,000 after buying an additional 1,000 shares in the last quarter. Squarepoint Ops LLC lifted its position in shares of Curo Group by 12.1% during the 4th quarter. Squarepoint Ops LLC now owns 17,747 shares of the company’s stock valued at $168,000 after buying an additional 1,916 shares in the last quarter. Northern Trust Corp lifted its position in shares of Curo Group by 1.4% during the 4th quarter. Northern Trust Corp now owns 147,393 shares of the company’s stock valued at $1,398,000 after buying an additional 2,066 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Curo Group by 3,582.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,504 shares of the company’s stock valued at $25,000 after buying an additional 2,436 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its position in shares of Curo Group by 33.0% during the 4th quarter. New York State Common Retirement Fund now owns 13,700 shares of the company’s stock valued at $130,000 after buying an additional 3,400 shares in the last quarter. 47.98% of the stock is currently owned by institutional investors and hedge funds.
CURO stock opened at $11.15 on Thursday. The stock has a market capitalization of $517.84 million, a price-to-earnings ratio of 6.19 and a beta of 3.71. The firm’s 50-day moving average price is $9.97. Curo Group has a one year low of $8.73 and a one year high of $32.20. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 20.91.
Curo Group Company Profile
CURO Group Holdings Corp., a diversified consumer finance company, provides consumer finance to a range of underbanked consumers in the United States, Canada, and the United Kingdom. It offers unsecured installment loans, secured installment loans, open-end loans, and single-pay loans, as well as ancillary financial products, including check cashing, proprietary reloadable prepaid debit cards, credit protection insurance, gold buying, retail installment sales, and money transfer services.
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